Xtra-Gold Resources (TSE:XTG) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

Key Points

• Shares of Xtra-Gold Resources Corp. (TSE: XTG) crossed above its fifty-day moving average of C$2.30 and traded as high as C$2.67.
• The company, which has a market capitalization of C$122.29 million, operates primarily in the Kibi Gold Belt, an area with limited modern gold exploration.
• Xtra-Gold Resources has a price-to-earnings ratio of 66.75 and a beta of 0.25, indicating lower volatility compared to the market.

Xtra-Gold Resources Corp. (TSE:XTG - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$2.30 and traded as high as C$2.67. Xtra-Gold Resources shares last traded at C$2.67, with a volume of 45,200 shares traded.

Xtra-Gold Resources Trading Up 0.7%

The firm has a market cap of C$123.20 million, a price-to-earnings ratio of 67.25 and a beta of 0.25. The company's 50-day moving average is C$2.31 and its 200-day moving average is C$2.15.

Xtra-Gold Resources Company Profile

Xtra-Gold Resources Corp is a gold exploration company with a substantial land position in the Kibi Gold Belt. The Kibi Gold Belt, which exhibits many similar geological features to Ghana's main gold belt, the Ashanti Belt, has been the subject of very limited modern exploration activity targeting lode gold deposits as virtually all past gold mining activity and exploration efforts focused on the extensive alluvial gold occurrences in many river valleys throughout the Kibi area.